Singapore legislation
Regulation 47
of Securities and Futures (Clearing Facilities) Regulations 2013
Regulation 47
Daily computation of customers’ money and assets
Subregulation 1
A recognised clearing house shall, at such intervals as the recognised clearing house determines appropriate (but no less frequently than once each business day), compute —
for the purposes of regulation 44(3), the total amount of money and assets of the customers of the members of the recognised clearing house held by the recognised clearing house, including money that has been invested by the recognised clearing house under regulation 46(1); and
for the purposes of regulation 44(2), the amount of money and assets of each customer of a member of the recognised clearing house held by the recognised clearing house, including money that has been invested by the recognised clearing house under regulation 44(1).
Subregulation 2
A recognised clearing house shall complete any computation under paragraph (1) in respect of each business day no later than noon of the next business day, and shall keep that computation together with all supporting data.
Subregulation 3
In this regulation, “business day” means any day in which the recognised clearing house is open for business.